Quote:
Originally Posted by GMAN
This country was built based upon capitalism. Things worked pretty well until the government started regulating everything.
Before government decided that citizens were too stupid to make their own decisions we had what is commonly called common sense. If we made bad decisions then we dealt with them.
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Yes, GMAN.... I realize America is the great "free market" experiment. But the government started "regulating" because capitalists were abusing the workforce.
During the Industrial Revolution, workers were paid a pittance for long hard days of work in unhealthy conditions. Think of the coal mines! There and in the oilfields (and many other places) men were expected to work as long as needed, without overtime pay, and without any regard for their lives and safety. NO medical benefits were provided.
It was not the regulations that sent jobs overseas, but the GREED of the billionaire owners of those companies that refused to provide a living wage and benefits, let alone safe work environment, for their workers.
They decided.... rather than reduce their profits to COMPETE with the "junk" coming out of China, they would just "capitalize" on the treaties that allowed them to JOIN the junk coming out of China.
I'm NOT for government intervention in ALL things. But, there are times in our history that the government WAS our best friend. Without the "regulation" against monopolies, I wonder just HOW much we'd be paying for phone service, airfare, and utilities?
And who would be there to COOK your double whopper if they weren't making even poverty wages?
I reiterate my question: Someone name me a country that has PROVEN that capitalism works without government regulation! The closest, I submit, would be the Feudal times in England and Europe. And we all know that led to revolution.
Let's look at supply and demand: When supply rises, prices should go down, but they rarely DO! What happens is a reduction in supply (and maybe JOBS) so the companies can maintain their profit base. When Demand goes down, PRICES should go down... but, they rarely DO because the companies have to raise prices to cover their so-called "losses."
It is the GREED of corporate America that will not let "capitalism" WORK! And ALWAYS... the cost is borne by the consumer. So, it works ONLY for the rich owners. Not for the middle class.